NOT LISTED FOR SALE

7493 Margaret Ave West Olive, MI 49460

Port Sheldon Township Neighborhood

Estimated Value: $829,000 - $999,000

4 Beds
1 Bath
1,401 Sq Ft
$651/Sq Ft Est. Value

Last Sold October 28, 2015

Last sale price $650,000 $464 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $5,817/month

137 Days on Market

Highlights

  • Private Waterfront
  • Wood Flooring
  • 2 Car Garage
  • Rosy Mound School Rated A
  • Forced Air Heating System
  • Dining Area

About This Home

As of October 2015

Lake Michigan frontage in the Mountain Beach Association just north of Pigeon Lake in Port Sheldon INCLUDES A 2 STALL GARAGE WITH ADDITIONAL PARKING ON A SEPERATE LOT AND/OR BUILDING SITE ACROSS THE STREET. This lodge style cottage offers a great get away with a back to yesteryear decor including a large stone fireplace and wood floors. There are 4 sleeping areas in the open loft area and one full bath on the main floor. Lots of character and charm in this well maintained structure. Also, boat dock privileges available on Pigeon Lake through the Association for additional fees.

Last Agent to Sell the Property

Tom Speet

Coldwell Banker Woodland Schmidt License #6502110171 Listed on: 04/13/2015

Coldwell Banker Woodland Schmidt

Co-Listed By

Jim Wiersma

Coldwell Banker Woodland Schmidt License #6506043979

Last Buyer's Agent

Richard Schultz

Coldwell Banker Schmidt Realtors License #6501217476

Coldwell Banker Schmidt Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,374

Year Built

  • Built in 1964

Lot Details

  • 7,250 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Private Waterfront
  • 50 Feet of Waterfront

HOA Fees

  • $33 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Cabin
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,401 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Window Treatments
  • Living Room with Fireplace
  • Dining Area
  • Wood Flooring
  • Crawl Space

Kitchen

  • Oven
  • Range
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Water Access

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Well
  • Septic System
  • Cable TV Available

Community Details

Overview

  • Association fees include snow removal

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,374

Year Built

Built in 1964

Lot Details

0

HOA Fees

$33 per month

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Cabin/Cottage
  • Stories: 2
  • Year Built: 1964
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50x125
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 1401.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: No
  • General Property Info:Design: Cabin/Cottage
  • Tax Info:Annual Property Tax: 5374.0
  • Waterfront Options:Water Access YN: Yes
  • Roofing:Composition: Yes
  • Heat Source:Propane: Yes
  • Heat Type:Forced Air: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Appliances Refrigerators: Yes
  • General Property Info:Total Fireplaces: 1.0
  • Util Avail at Street:Natural Gas2: Yes
  • Waterfront Options:Water Frontage3: 50.0
  • Util Avail at Street:Cable2: Yes
  • General Property Info:Fireplace: Yes
  • Additional Items:Window Treatments: Yes
  • Appliances Microwave: Yes
  • Additional Items:Wood Floor: Yes
  • Substructure:Crawl Space: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Oven, Range, Refrigerator
  • Interior Amenities: Wood Floor
  • Fireplace Features: Wood Burning, Living
  • Fireplace: Yes
  • Total Bedrooms: 4
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Crawl Space
  • LivingArea: 1401.0
  • General Property Info:Stories2: 2.0
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Fireplace:Living: Yes
  • Fireplace:Wood Burning: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 699000.0
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: Lake Michigan
  • Waterfront Features: All Sports, Private Frontage
  • Waterfront: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • Garage: Yes
  • Garage:Garage2: Yes
  • Garage Type:_two_: Yes

Utilities

  • Heating: Propane, Forced Air
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Natural Gas Connected, Cable Connected
  • Water Source: Well
  • Water Well: Yes

Condo/Co-op/Association

  • Association Amenities: Pets Allowed
  • Association Fee: 400.0
  • Association Fee Frequency: Annually
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Water Fea Amenities:All Sports: Yes
  • Association Info:Approx Assoc Fee2: 400.0
  • Association Info:Assoc Buy in Fee: 0
  • Water Fea Amenities:Private Frontage: Yes
  • Association Info:Assoc Fee Payable: Annually
  • Assoc Amenities:Pets Allowed2: Yes

Fee Information

  • Association Fee Includes: Snow Removal

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Dimensions: 50x125
  • Lot Size Sq Ft: 7250.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5374.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2020
Sold by
Meier Jason E and Meier Gretchen L
Bought by
Meier Jason E and Meier Gretchen L
Current Estimated Value
$911,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Outstanding Balance
$455,417
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$465,107

Purchase Details

Closed on
Aug 28, 2018
Sold by
Meier Jason E and Meier Gretchen L
Bought by
Meier Jason E and Meier Gretchen L

Purchase Details

Listed on
Apr 13, 2015
Closed on
Oct 28, 2015
Sold by
Dodge Daniel F and Dodge Cheryl A
Bought by
Meier Jason E and Meier Gretchen L
Seller's Agent
Tom Speet
Coldwell Banker Woodland Schmidt
Buyer's Agent
Richard Schultz
Coldwell Banker Schmidt Realtors
List Price
$725,000
Sold Price
$650,000
Premium/Discount to List
-$75,000
-10.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.58%
Original Mortgage
$585,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2013
Sold by
Slaughter Clarence S
Bought by
Dodge John

Purchase Details

Closed on
Nov 7, 2012
Sold by
Potts William F and Murphy Michael D
Bought by
Potts William F and Murphy Michael D

Purchase Details

Closed on
Oct 31, 2009
Sold by
Dodge Daniel F
Bought by
Dodge Daniel F
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Meier Jason E -- None Available
Meier Jason E -- None Available
Meier Jason E -- None Available
Meier Jason E $650,000 Chicago Title
Dodge John -- None Available
Potts William F -- None Available
Dodge Daniel F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meier Jason E $510,400
Previous Owner Meier Jason E $585,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2015 10/28/15 Sold $650,000 -10.3% $464 / Sq Ft
08/28/2015 08/28/15 Pending -- -- --
04/13/2015 04/13/15 For Sale $725,000 -- $517 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,628 $385,800 $0 $0
2024 $10,204 $341,100 $0 $0
2023 $10,290 $338,800 $0 $0
2022 $11,600 $306,400 $0 $0
2021 $11,254 $303,100 $0 $0
2020 $11,121 $358,200 $0 $0
2019 $10,741 $363,600 $0 $0
2018 -- $351,800 $0 $0
2017 -- $351,800 $0 $0
2016 -- $237,100 $0 $0
2015 -- $228,600 $0 $0
2014 -- $227,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tom Speet

    Seller's Agent in 2015

    Tom Speet

    Coldwell Banker Woodland Schmidt

    (616) 218-3291

    1 in this area

    15 Total Sales

    Tom Speet
    Section Image
  • Jim Wiersma

    Seller Co-Listing Agent in 2015

    Jim Wiersma

    Coldwell Banker Woodland Schmidt

    (616) 396-5221

    12 in this area

    256 Total Sales

    Jim Wiersma
    Section Image

  • R

    Buyer's Agent in 2015

    Richard Schultz

    Coldwell Banker Schmidt Realtors

    (616) 291-2646

    2 in this area

    27 Total Sales

    Richard Schultz
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15016329

Southwestern Michigan Association of REALTORS®

APN: 70-11-16-329-016

Michigan Ottawa County West Olive 49460 Port Sheldon Township

7493 Margaret Ave, West Olive, MI

This home is located at 7493 Margaret Ave, West Olive, MI 49460 since 13 April 2015 and is currently estimated at $911,807, approximately $650 per square foot. This property was built in 1964. 7493 Margaret Ave is a home located in Ottawa County with nearby schools including Rosy Mound School, Central High School, and Lakeshore Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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